TopBuild Expected to Issue Long-Term Growth Targets at Investor Day, RBC Says

MT Newswires Live12-04

TopBuild (BLD) is expected to provide new long-term financial targets and additional insights into its commercial roofing platform and commercial and industrial insulation opportunities at its Dec. 9 investor day in New York, RBC Capital Markets said in a note Wednesday.

Management will likely present a three-year sales growth outlook of roughly high-single-digit to 10% annual growth, implying about $1.3 billion to $1.4 billion of adjusted earnings before interest, taxes, depreciation and amortization in 2028, which would be in line with investor expectations, according to the note.

The report said it does not expect management to issue 2026 guidance at the event.

RBC kept its sector perform rating and $410 price target on the stock.

Shares of the company were up 1.4% in recent Wednesday trading.

Price: 453.38, Change: +6.30, Percent Change: +1.41

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment